Kimbell Royalty (NYSE:KRP) Given Consensus Rating of “Reduce” by Analysts

Shares of Kimbell Royalty (NYSE:KRP) have been assigned an average rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.20.

A number of brokerages have weighed in on KRP. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimbell Royalty in a report on Wednesday, October 8th.

Institutional Trading of Kimbell Royalty

Hedge funds have recently bought and sold shares of the company. Hilltop National Bank bought a new position in Kimbell Royalty in the second quarter valued at about $42,000. Legacy Investment Solutions LLC purchased a new stake in shares of Kimbell Royalty during the 2nd quarter valued at about $56,000. MAI Capital Management increased its position in shares of Kimbell Royalty by 4,300.0% during the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock valued at $62,000 after purchasing an additional 4,300 shares during the last quarter. State of Wyoming purchased a new stake in Kimbell Royalty in the third quarter worth about $62,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Kimbell Royalty in the second quarter worth about $140,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Stock Performance

KRP stock opened at $12.82 on Friday. The stock has a market capitalization of $1.38 billion, a PE ratio of -183.20 and a beta of 0.33. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.59. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $13.15 and its 200 day simple moving average is $13.67.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Thursday, November 6th. The energy company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The business had revenue of $80.62 million during the quarter, compared to analyst estimates of $82.68 million. During the same quarter last year, the company earned $0.22 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is -2,000.00%.

Kimbell Royalty Company Profile